On 30 March 2022, TA Securities Holdings Berhad (“TA Securities”), on behalf of the Company announced that the Company proposes to undertake a proposed private placement of up to 643,161,500 new ordinary shares in ATS, representing 10% of the total number of issued shares of the Company, to independent third-party investor(s) to be identified later at an issue price to be determined later (“Proposed Private Placement”).
Bursa Securities has, vide its letter dated 11 April 2022, approved the listing and quotation of up to 643,161,500 Placement Shares to be issued pursuant to the Proposed Private Placement. The approval by Bursa Securities for the above is subject to the following conditions:-
(i) ATS and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;
(ii) ATS and TA Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and
(iii) ATS to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.